BP Payment Update

December 9, 2011
By Charles E. Lavis on December 9, 2011 9:25 AM |

As of December 9, 2011

Total Claims/Claimants:

• Total GCCF claimants: 565,515
• Total claims submitted to GCCF: 1,032,545
• Total amount paid so far $ 5,781,038,077.28


Quick Payments:

• 128,780 Quick Pay claimants have filed claims.
• 126,633 of these have received payments.
• A total of $ 1,285,535,000 has been paid in Quick Pay claims so far.

Full Review Final Payments:

• 85,252 Full Review Final Payment offers have been made with the majority made to individuals.

• 67,393 Full Review Final Payment offers have been accepted.

Individual Claimants By Amount Category:

• 64.38% of individual claimants have been paid between $0.01 - $5,000
• 18.59% of individual claimants have been paid $5,000.01 - $10,000
• About 14% of individual claimants have been paid $10.000.01-$25,000
• Less than 3% of individual claimants have received over $25,000.01
• 388,438 claims have been filed under "Lost Earnings or Profits" category. By category, this represents the largest number of claims.


Claims by Industry/State:

Number of individual claims paid by industry:

1. Food, Beverage, and Lodging: 52.12%
2. Retail, Sales, and Service: 29.24%
3. Multiple Industry/Business Types: 7.17%
4. Fishing: 4.14%
5. Seafood Processing & Distribution: 3.37%
6. Tourism: 2.38%
7. Rental Properties: 1.49%

Number of business claims paid by industry (top 5)

1.Retail, Sales, and Service: 32.5%
2.Rental Properties: 26.61%
3.Fishing: 16.83%
4.Food, Beverage, and Lodging: 9.74%
5.Multiple Industry/Business Types: 5.41%

Claims by state of residence (top 3):

Louisiana: 370,625 filed claims with 120,286 of these paid
Florida: 350,796 filed claims with 158,324 paid
Alabama: 139,405 filed claims with 53,458 paid

Source:

http://www.gulfcoastclaimsfacility.com/GCCF_Overall_Status_Report.pdf